problem as insufficient demand, when it is actually a supply problem. We do this in a real model, in which inflation is not an …

adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting …

standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …

increase in inflation. The model explains the joint dynamics of output, inflation, real wages, and interest rates, and is …

''s largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U …